With an investment close to $60 million, This extension implies the creation of more than 2,000 direct jobs and exports for more than US$4,000 million annually.
It is the first time in its 25 years in Argentina that its plant will work three shifts highlighted the Ministry of Economy.
Massa received at the Palacio de Hacienda the CEO of Toyota Latin America and the Caribbean, masahiro inoue, together with the president of Toyota Argentina, Gustavo Salinas; The Secretary of Industry and Productive Development, Jose Ignacio de Mendiguren.
“We want to work side by side with you so that the third shift, the increase in production and exports result in benefits for Argentines and Argentines”, Massa noted.
And I add: “We are looking for more national integration, because we know the virtuous process that the automotive and auto parts sector generates in Argentina. That is why we make all the State tools available to promote it.”
According to official information, the increase in the productive capacity of the Zárate plant, which will begin to be effective as of January 2023, is accompanied by the growth in demand for Hilux trucks and SW4 utility vehicles throughout the region.
The Japanese company reached an agreement with the unions and the entire value chain to implement a third production shift, which implies the creation of more than 2,000 new direct jobs that will begin to work in a rotating shift system; since May, more than 50 people per week have joined the company.
The increase in production includes the location of new auto parts, which are added to the more than 40% local content and more than 65% regional with which the Hilux and SW4 are currently produced. Thus, the purchase of local auto parts will grow by more than US$100 million, Economy highlighted.
Currently, More than 80% of the Hilux and SW4 produced at the Zárate plant are exported to different Latin American countries. This growth allows Toyota Argentina to reach a trade surplus of around US$750 million.
Source: Ambito
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